Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.66

+0.4%

2:53 PM EST

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To: sea_biscuit who wrote (22919)	11/12/1997 1:16:00 PM
From: James A. Shankland	of 61433

As for your optimism w.r.t. ASND, I am afraid that I don't share it. It could still do well, but a stock-price in the 80's and 90's was truly stratospheric in terms of valuation. If all goes well, the company might earn enough to support those prices over the next 3 or 4 years, not sooner. I'm sorry: you're saying the stock price will quadruple in 3-4 years, and you call that "not optimistic"? If I read this correctly, you're pessimistically projecting an annual appreciation of 41 to 60%? Don't shatter all my illustions and tell me you're a closet momentum investor, too? :-)

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